New York, June 2 – Morgan Stanley Finance LLC priced $5.73 million of 0% dual directional buffered participation securities due May 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of par plus 23.25%.
Investors will receive par plus absolute return of the index if it declines by no more than 20% and will lose 1% for each 1% decline beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered participation securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,725,000
|
| Maturity: | May 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of index is positive, par plus index return, subject to a maximum return of par plus 23.25%; par plus absolute return of index if it declines by no more than 20%; otherwise, lose 1% for each 1% decline beyond 20%
|
| Initial level: | 4,151.28
|
| Cap: | 23.25%
|
| Buffer: | 20%
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.15%
|
| Cusip: | 61774XVA8
|
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